B-North aims to bring back brokers to the UK SME market
The fintech is in the process of acquiring its banking licence.
Europe
EBA’s migration deadline for SCA must be seen as a warning
Regulator has given plenty of time for merchants to whip themselves into shape.
Kleinwort Hambros turns to ERI after cancelled FNZ technology project
Société Générale-owned private bank prepares to move forward on ERI.
UK consumers stick with their banks as switches drop again in 2019
This decrease follows a similar pattern between Q1 and Q2.
Glue42 partners with RocketFin to bring behaviour mining to banks’ regtech suite
Glue42 works with the likes of JP Morgan Chase.
Trade finance – network to network
Trade finance indeed needs a network to network.
Crunch launches mobile accounting platform for UK’s self-employed
The cost £5.5 million and four years in development.
GMG, Wecan and Capelli bring blockchain to real estate sector
The product is dubbed ‘Wecan Tokenize’.
Bank of Lithuania pits IBM against Tieto for new blockchain project
Two technology firms go head to head in final sandbox stage.
How to reduce loan delinquency with a better payment experience
GoCardless found three main reasons why borrowers had missed a repayments.
Complexity of SME market still eludes banks
Panel at the International SME Business Banking Forum believes banks missing a trick.
Kaleyra and Epiphany launch first open banking hub in Italy
The hub will give banks a space to launch PSD2-compliant products.
Meeting the global B2B payments challenge
International businesses increasingly expect global access to finance in real-time.
Contactless charity donations start-up GoodBox raises £1m
The funding is part of a combined Series A £2.3 million.
Rise of the machines: when will AI and machine learning change finance?
FinTech Futures is researching the impact of AI on the industry.
Ebury completes first acquisition with Frontierpay purchase
Ebury will use deal to expand and boost payments capabilities.
CYBG kicks off long-awaited Virgin Money rebrand
CYBG to assimilate all products and services under one name by December 2020.
BNP Paribas purchases stake in Allfunds to bolster wealthtech solutions
Bank aims to create market-leading software using Allfunds expertise.
Islamic challenger bank insha launches in Germany
New entrant wants to place the daily life of a Muslim at the centre of its offering.
US challenger bank Denizen shuts down
The expatriate bank failed to reach required scale.
Uncovering the hidden costs of liquidity
Liquidity is paramount and real time liquidity is now a must-have.
Investor rights lawyers investigate Wirecard securities fraud
Earlier this year, white-collar crime investigators raided Wirecard’s offices in Singapore.
Dutch challenger bank bunq reveals Brexit delayed its ‘wish list’ UK launch
The UK was the first country on bunq’s launch “wish list”.
Three million ABN Amro customers face in-person ID checks
Bank is aiming to comply with anti-money laundering regulations
Lemon Way nabs €25 million investment from Toscafund
Parisian payments firm plans geographic expansion with new funds.
Video: Top fintech stories this week – 18 October 2019
FinTech Future’s weekly news round-up.
Help-to-buy fintech Proportunity raises £2m, offers alternative to UK government
The fintech provides first-time buyers with an equity loan of up to 15%.
Wealthtech Genuine Impact plans new app launch with fresh design
It launched its first app back in February 2019.
FCA should overhaul EMIR supervision, says ESMA review
FCA ranks bottom among six major EU competent authorities for EMIR data supervision.
Yorkshire Building Society opts for OutSystems
Installation of a new integrated development environment underway.
RegTech startup Apiax raises $6.6m in Series A round
Firm aims to digitise regulatory compliance into binary code.
Can compliance directors successfully reposition themselves as business leaders?
The role of banking compliance is in mid-evolution.
Deutsche Bank selects Tieto to boost virtual account services
The deal enables an enhanced cash management offering to corporate clients.
Bank of England finds two-thirds of industry using machine learning
Firms would like to see more guidance around ML regulations.
Santander leads €35m funding round in digital debt marketplace CrossLend
Lakestar, ABN AMRO Ventures and Earlybird will also be investing.
FCA will ‘take appropriate action’ against product greenwashing which misleads customers
The regulator will work on “common standards and product disclosures”.
EBA sets December 2020 migration deadline for SCA compliance
European watchdog gives payments industry just over a year to comply.
ID Finance crowdfunds £1.5m in minutes, eyes up Hispanic and Latino loan market
ID Finance is on track to double revenues to €90m this year.
Link extends Vocalink infrastructure contract to 2031
Vocalink emerges winner of competitive bid process.
Industry apathy remains as SFTR deadline looms
Market participants suggest there is a worrying lack of preparedness for SFTR.
